BtcJam - the first peer to peer bitcoin lending network

Today we announce BTCJam, the first Peer to Peer Bitcoin Lending Network.

https://btcjam.com

The service was built from the ground up with security, simplicity and speed in mind. 
But don’t take our word for it, give it a try!


BTCjam was founded in late 2012 in order to help people have access to affordable credit. In developing countries like Brazil, interest rates for personal loans can reach over 200% per year, making credit difficult if not impossible to be obtained.

In October 2013, BTCjam was accepted into the 500 Startups accelerator program and secured seed financing from Ribbit Capital, 500 Startups, FundersClub and Bitcoin Investment Trust.

BTCjam moved from Mountain View to San Francisco in February 2014 and began expanding the company. By the end of 2014, BTCjam had facilitated bitcoin loans in excess of $10 million dollars in value with more than 100,000 users in over 200 countries.

BTCjam secured their Series A fundraising round in January 2015, led by Foundation Capital (investors in Netflix and Lending Club), Ribbit Capital, 500 Startups, FundersClub, Bitcoin Investment Trust and Pantera Capital.


Main features:

Borrowers: Crowdfund your loans and get GREAT rates

YOU define the repayment parameters
YOU define the rate you are willing to pay
Peer to peer reputation system
Private address, phone and identity verification
Optional, soft credit check

Investors: Diversify your investments and get GREAT returns

Spread your bitcoins in small chunks across many borrowers
Browse listings that meet your criteria
Peer to peer reputation system
Borrower verification process handled by BTCJam

We love microcredit and freedom of choice, and would like to extend the reach of the bitcoin economy to broader audiences.
Our plans include bringing microcredit through bitcoin to small poor communities in Brazil and India. 
We are already working with our local partner http://www.waru.com.br/ progress in that matter will be reported here.

Best regards,
The BTCJAM Team,
P2P currency meets P2P lending